£47 million Acquisition of Sherborne House

£47 million Acquisition of Sherborne House

written by

Nick Lloyd

21st June 2018

£47 million Acquisition of Sherborne House

We recently acted for Riverside Capital, London-based property investor and manager, on the acquisition of Sherborne House, a 57,777 sq. ft prime mixed-use building on Cannon Street, London for £47.15m.

Sherborne House lies adjacent to what will be one of two new Bank Station entrances, comprises six floors of partly refurbished offices together with three retail units on the ground floor and basement. Retail tenants are Holland and Barrett, L’Express and Fuller Smith & Turner. Cannon Street has seen huge development in recent years, including the new £1 billion Bloomberg Place as well as the nearby £250m five-star Ned hotel.

Nick Lloyd, Principal in our Corporate team, said “It was a pleasure to have advised the team at Riverside once again on one of its largest property investments to date. Building on a strong track record of identifying opportunities ahead of the market, this acquisition presents a great opportunity for Riverside’s investors.”

Dominic Wright, Group Chief Executive of Riverside Capital, said: “We are delighted to have completed on this acquisition for our investors. With the growing fintech sector bolstering occupier demand and new developments providing global appeal, we believe that the prime location, in addition to the high quality of the building and outstanding connectivity, will provide levers for strong performance. We thank Nick and the EMW team once again in bringing a complicated transaction to a successful conclusion for all parties involved. We look forward to making this acquisition a success for our investors and look forward to working with the EMW team again in the near future.”